They created the public debt; it isn't out debt. Arrest them all........
https://www.facebook.com/Arrest.The.Bankers
I believe we benefit immensely from the Federal Reserve, though I do wish they were more transparent. I think all their contracts and purchase orders should be available online. Originally Posted by Bert JonesDamn bro, you need to share what you've been smoking so we can all live in fantasy land LOL
I believe we benefit immensely from the Federal Reserve, though I do wish they were more transparent. I think all their contracts and purchase orders should be available online. Originally Posted by Bert JonesIn order to get a glimpse of how the Fed really operates ya have to go way back. This short clip is the first of a four part series. You might want to see the other three parts after seeing this. It's a bit interesting.
They created the public debt; it isn't out debt. Arrest them all........Whirly, you join the OWS movement!
https://www.facebook.com/Arrest.The.Bankers Originally Posted by Whirlaway
They created the public debt; it isn't our debt. Arrest them all........
https://www.facebook.com/Arrest.The.Bankers Originally Posted by Whirlaway
So have you thought this through? After you arrest Bernanke and shut down the Fed, the credit markets will freeze up because there will be no lender of last resort, no trading in Fed funds, no discount window for emergency funding, etc. I'm guessing you would also repudiate all US Treasury obligations because "it isn't our debt". So the feds would be cut off from new borrowing. Ditto for state and municipal borrowers. Pension funds and retirees who own public debt would be screwed. Do you think you could still get a mortgage or a car loan or a new credit card? And what do think the economy would look like after all of this? Originally Posted by lustylad